Mughal Steel – Multi-Timeframe Technical Analysis

217
🔍 Mughal Steel – Multi-Timeframe Technical Analysis

I’ve been closely analyzing Mughal Steel, and the current structure across Yearly and Monthly timeframes is showing a strong bullish setup with significant upside potential. Here's a quick breakdown:

📅 Yearly Timeframe Insights:
Price has reacted from a Yearly Bullish Fair Value Gap (FVG) — a key zone where institutional buying often occurs.

A Protected Swing Low is now in place. Based on the structure, I do not expect price to trade below this low.

2023 swept 2022’s low, but closed inside the FVG, suggesting accumulation by smart money.

2024 closed above 2023’s high, confirming a bullish shift.

2025 has swept 2024’s low and is now aggressively moving toward upside liquidity.

Upside Target: 2024 high at 96.69, which would represent a potential 48% move from current levels.

📆 Monthly Timeframe Confirmation:
The protected low must hold — it serves as a critical level for bullish continuation.

I believe price will not revisit this low due to strong structural support.

We’ve seen multiple failed attempts by sellers (swing failures) above — indicating weakening bearish pressure.

No significant resistance exists above, clearing the path for a strong bullish move.

📈 Conclusion:
With no resistance overhead, a protected structure, and bullish momentum building, Mughal Steel is presenting a high-probability opportunity for upside expansion. I'm watching closely as price targets 96.69 in the coming months.

#TechnicalAnalysis #MughalSteel #StockMarket #TradingInsights #PriceAction #Investing #PakistanStockExchange

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。